The National Petroleum Corporation of Namibia (Namcor) has appointed its Upstream Development and Production executive, Mtundeni Ndafyaalako, as acting managing director, with effective from 1 March 2026. The appointment was made pending the conclusion of the ongoing recruitment process for a substantive managing director at the national petroleum entity. Ndafyaalako’s appointment comes at the conclusion...
The latest military escalation involving the United States of America and Israel against Iran has once again thrust global oil markets into uncertainty. For Namibia, the warning lights are flashing bright red. With tensions centred around the strategically vital Strait of Hormuz, through which roughly a fifth of the world’s oil supply passes, any prolonged...
More than six decades after the United States (US) first imposed an embargo on Cuba, the policy once dismissed as a Cold War relic has morphed into a grinding economic siege that Cuban officials now describe as existential, and regional leaders fear could destabilise the wider Caribbean. In Windhoek this week, the Sam Nujoma Foundation...
More than sixty years into one of the world’s longest-running economic blockades, it is no longer possible to ignore the devastating toll of the United States of America’s embargo on Cuba. What began in 1962 as a Cold War manoeuvre has become an entrenched policy of economic suffocation that is morally indefensible, economically destructive, and...
Capricorn Group yesterday delivered a solid, and perhaps hard-earned, set of interim results, posting profit after tax of N$920 million for the six months ended 31 December 2025, as Namibia’s flagship financial services group navigates a tightening margin environment and rising credit impairments. The result reflects resilient performance in a period marked by interest rate...
Several roads in the //Kharas region have been severely affected by recent heavy rains and flooding, resulting in temporary closures to ensure the safety of all road users. The Roads Authority (RA) yesterday stated that it is actively monitoring affected areas and will undertake necessary assessments and repairs as conditions permit. Meanwhile, the public is...
As the country braces for today’s tabling of the 2026/27 national budget, all eyes are on Finance Minister Ericah Shafudah. For citizens and businesses alike, key signals to watch include possible tax reforms, cost-of-living measures, infrastructure allocations and the overall fiscal stance. With a rising debt-to-GDP ratio, escalating debt-servicing costs, ambitious revenue projections and growing...
A quarter of a century after it first rewrote Mitsubishi’s SUV playbook, the Mitsubishi Outlander is marking its 25th anniversary with an ultra-exclusive model that blends heritage, technology and off-road credibility in equal measure. Enter the Outlander Edition 25, a sharply specified, collector-focused derivative of which only 10 units will be made available in southern...
For thousands of Namibians, the end of the month has become a moment of dread. Rent is climbing, deposits are disputed, and when problems arise, many tenants discover there is little practical protection to fall back on. Now, the government has acknowledged what frustrated renters have long suspected: that Namibia’s rental market is operating without...
Namibia is exposing itself to potential revenue losses from one of its most valuable mineral resources. Auditor General (AG) Junias Kandjeke has warned of serious weaknesses in how the country’s gold mining royalties and taxes are verified and collected. In a performance audit covering the 2020/21 to 2022/23 financial years, Kandjeke found the then Ministry...